But at the rate billionaires are buying up BTC, we might see that happen sooner than expected.
Do you believe this will have a positive effect in time too, or do you believe it is only positive news temporarily? If any of them is evil, it would not be the first time in history a billionaire plans to harshly crash an asset to their advantage.
Well, it would not be the first time billionaires crash the market to buy cheap coins from the panic sellers. I think the Bitcoin community knows better than to fall for the same tricks again. And at this point, Bitcoin is so adopted amongst institutional buyers, they would only risk losing money by employing the same tactic, as the other billionaires would simply buy their sell.
What we should have seen is a correction to 90K at least. But too many institutions are buying like crazy so we just keep on hovering at the same price for a while. Will this lead to a plateu, a dip or a pump?
There is a fact people in any market must know: there are bullish months and bearish ones. Applying this principle into Bitcoin market, the appearances and participations of Bitcoin ETFs and institutional investors actually have created new massive organic demands on bitcoin, though it won't eliminate basics of the market cycle - bullish and bearish times.
The advice is don't time the market, do neither find ATHs and absolute bottoms.
Instead of trying to time the market that is a super hard task and you will fail, let build up your long term investment and accumulation plans, then doing it by Dollar Cost Averaging strategy over time. If you do this, you will not see severity of war on Bitcoin price.
That's good advice!
Timing the market is not only hard, it is impossible.
It all depends on probabilities that cannot be calculated to a certainty of 100 percent, no matter how much data you research or scrape with any kind of knowm technology.
I would also say that dollar cost averaging (DCA) is one of the best ways to go about it. From a personal view.